Looking to diversify beyond BAFMX? The mutual funds below have the lowest correlation with BAFMX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BAFMX.
Best Diversifiers for BAFMX
3 mutual funds have low correlation with BAFMX (below 0.3), 0 of which are negatively correlated. The least correlated is Brown Advisory Tax-Exempt Sustainable Bond Fund (BITEX) (Municipal Bonds) with a 1Y correlation of 0.08, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brown Advisory Tax-Exempt Sustainable Bond Fund | 0.08 | 0.10 | 0.10 | 68 | Municipal Bonds | BAFMX vs BITEX | |
| Brown Advisory Tax Exempt Bond Fund | 0.08 | 0.10 | 0.11 | 74 | Municipal Bonds | BAFMX vs BIAEX | |
| Brown Advisory Maryland Bond Fund | 0.11 | 0.13 | 0.14 | 69 | Municipal Bonds | BAFMX vs BIAMX | |
| Brown Advisory Emerging Markets Select Fund | 0.43 | 0.51 | 0.55 | 83 | Emerging Markets Diversified | BAFMX vs BIAQX | |
| Essex Environmental Opportunities Fund | 0.56 | 0.69 | 0.76 | 72 | Mid Cap Growth Equities | BAFMX vs EEOFX |
See all 15 diversifiers for BAFMX
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